Shareholders Foundation, Inc.

NASDAQ:ARQQ Shareholder Notice: Deadline on July 5, 2022 in Lawsuit Against Arqit Quantum Inc.

A Deadline is coming up on July 5, 2022 in the lawsuit for certain investors in Arqit Quantum Inc. (NASDAQ:ARQQ).


San Diego, CA -- (SBWIRE) -- 07/01/2022 -- The Shareholders Foundation announced that a deadline is coming up on July 5, 2022 in the lawsuit filed for certain investors of Arqit Quantum Inc. (NASDAQ: ARQQ).

Investors who purchased shares of Arqit Quantum Inc. (NASDAQ: ARQQ) have certain options and there are strict and short deadlines running. Deadline: July 5, 2022. NASDAQ: ARQQ stockholders should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Arqit Quantum Inc. (NASDAQ: ARQQ) common shares between September 7, 2021 and April 18, 2022 and/or (ii) all holders of Centricus Acquisition Corp (formerly CENH, CENHU, CENHW) securities as of the record date for the special meeting of shareholders held on August 31, 2021 to consider approval of the merger between Arqit Quantum Inc and Centricus Acquisition Corp, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 7, 2021 and April 18, 2022, the defendants and that in the Proxy Statement issued in connection to the Merger made false and/or misleading statements and/or failed to disclose: (1) Arqit's proposed encryption technology would require widespread adoption of new protocols and standards of for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit's proposed encryption technology in a meeting in 2020; (3) the British government was not an Arqit customer but, rather, providing grants to Arqit; (4) Arqit had little more than an early-stage prototype of its encryption system at the time of the Merger; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Arqit Quantum Inc. (NASDAQ: ARQQ, NASDAQ: ARQQW) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.